South African digital tax assistant TaxTim has been acquired by a private consortium led by Twofold Capital, marking a new chapter for one of the country’s most recognisable tax technology platforms.
The transaction delivers a full exit for non-operational shareholders and a partial exit for co-founder Evan Robinson, who will remain in the business to drive product strategy.
The deal also brings Octoco, a Stellenbosch-based technology group, into the consortium. Octoco is expected to provide technical depth and operational expertise as TaxTim prepares for its next growth phase.
Founded in 2011, TaxTim has become a fixture in South Africa’s tax landscape, processing more than R700 million in refunds to date. The platform, which integrates directly with Sars eFiling, simplifies the filing process with a guided, step-by-step interface and produces educational content aimed at improving tax compliance across the country.
The company has built long-standing partnerships with major financial services players including Momentum, FNB eBucks, Sanlam Reality, and Old Mutual Rewards. More recently, it added Capitec Live Better to its partner roster, broadening its reach in South Africa’s competitive retail banking ecosystem.
Looking ahead, Twofold Capital and its partners see room to expand TaxTim’s scope beyond filing assistance.
“We see significant potential to enhance the core product and expand into adjacent services, which is why we’re especially excited to have the Octoco team on board,” said Ed du Plessis, director at Twofold Capital. “With advances in AI, there’s a real opportunity to make the tax experience even more personalised, automated, and accessible.”
For Robinson, who co-founded TaxTim over a decade ago, the acquisition represents continuity as well as renewal.
“I’m excited to see how the business will grow with this new injection of energy, expertise, and capital. It’s an honour to continue our original mission — making tax easy and accessible for all South Africans,” he said.
With new ownership, fresh capital, and a sharpened focus on automation, TaxTim is positioning itself not only as a filing assistant but as a broader digital tax companion – one that could set the tone for how African fintech tackles compliance in the years ahead.